Brightpick raises $12M in mixed equity and debt financing

Nov 12, 2024 · Funding · Brightpick · Warehouse Logistics

Brightpick raised $12 million through a mix of equity and debt to expand deployments in the United States, bringing its disclosed total funding to $47 million.

Brightpick company media
Company media · Brightpick
  • The financing combined equity and debt and brought Brightpick’s disclosed total funding to $47 million.
  • EBRD Venture Capital invested alongside existing backers including Earlybird, AI Capital, IPM Group, Venture to Future Fund and Credo Ventures.
  • Brightpick said the capital would support additional U.S. deployments; it reported more than 200 employees and over 300 robots deployed at the time.

Brightpick develops AI-powered warehouse automation systems built around mobile manipulators that pick directly inside storage aisles. Its platform combines robotic picking, buffering, consolidation, dispatch, and replenishment into a unified fulfillment system orchestrated by Brightpick Intuition software.